From Robert Princeton George & Marcus Grompe in WSJ [subscribers only section]:

President Bush’s veto need not mean that new embryonic or embryonic-type stem-cell lines eligible for federal funding cannot be developed, however. The President’s Council on Bioethics, in a recent White Paper, identified several possible methods for producing such lines that do not require the destruction or harming of living human embryos. There is good scientific reason to believe that this can be done using existing biotechnologies. These possibilities point the way towards a resolution of our nation’s divisive debate over embryonic stem-cell harvesting — one that can be embraced in good conscience by people on both sides of the ethical divide.